Edgestream Partners L.P. Cuts Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Edgestream Partners L.P. lowered its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 28.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,852 shares of the technology company's stock after selling 10,333 shares during the quarter. Edgestream Partners L.P. owned approximately 0.08% of Watts Water Technologies worth $4,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in WTS. Private Advisor Group LLC bought a new stake in shares of Watts Water Technologies during the 4th quarter worth $225,000. Principal Securities Inc. bought a new position in Watts Water Technologies during the 4th quarter worth approximately $56,000. Jump Financial LLC acquired a new position in Watts Water Technologies in the fourth quarter valued at about $307,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Watts Water Technologies during the fourth quarter worth $578,000. Finally, Principal Financial Group Inc. grew its stake in shares of Watts Water Technologies by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 108,485 shares of the technology company's stock worth $22,602,000 after acquiring an additional 1,936 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Watts Water Technologies

In other news, Director Michael J. Dubose sold 315 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the transaction, the director now directly owns 2,755 shares in the company, valued at approximately $512,237.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Watts Water Technologies news, insider Elie Melhem sold 1,710 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total value of $316,623.60. Following the sale, the insider now owns 11,516 shares in the company, valued at $2,132,302.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael J. Dubose sold 315 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total value of $58,567.95. Following the completion of the sale, the director now owns 2,755 shares in the company, valued at approximately $512,237.15. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WTS. Robert W. Baird dropped their price objective on shares of Watts Water Technologies from $225.00 to $199.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus dropped their price objective on shares of Watts Water Technologies from $217.00 to $202.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Finally, StockNews.com raised Watts Water Technologies from a "hold" rating to a "buy" rating in a research note on Friday, August 16th.

Watts Water Technologies Stock Up 0.6 %

Shares of WTS stock traded up $1.14 on Wednesday, reaching $200.05. 169,822 shares of the company were exchanged, compared to its average volume of 148,129. The company has a 50-day moving average of $193.32 and a 200-day moving average of $197.63. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49. Watts Water Technologies, Inc. has a one year low of $167.87 and a one year high of $219.52.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.13. Watts Water Technologies had a net margin of 12.44% and a return on equity of 19.22%. The firm had revenue of $597.30 million for the quarter, compared to the consensus estimate of $589.55 million. During the same period in the previous year, the firm earned $2.34 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts anticipate that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, August 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.86%. Watts Water Technologies's dividend payout ratio (DPR) is 21.34%.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.